A little pocket of Sydney: rare torrens title in Kirribilli up for grabs

For the first time in 32 years, a rare torrens title terrace in Kirribilli is on the market with scope for development to take advantage of the Harbour outlook.

The property at 145 Carabella Street, Kirribilli, once a headline home for Vogue Living, is owned by Jane Polkinghorne. The terrace was renovated more than three decades ago through renowned Mosman Architect, Gerald Gilchrist & Associates.

“The renovation was completed 31 years ago and has withstood the test of time - as it stands today is the work we did back then. After the renovation our home was featured in Vogue Living and considered a state-of-the-art property,” Ms Polkinghorne explained.

With only 155 torrens title properties in Kirribilli, Ray White Lower North Shore agent, Charlie Biddulph said a home of this kind is a rare, but sought-after, find.

“We’re lucky to get one torrens title on the market each year and because there are so few of them, they are very popular homes among buyers - this is an opportunity to secure a coveted piece of real estate,” he said.

Ms Polkinghorne added how unusual it is to have such a small block with so much on title.

“The precedents set by our neighboring properties and the absence of any heritage listing makes it attractive to those looking to add their own touch.”

The north-facing terrace looks out to the Harbour around to North Sydney, and there is development scope to add a third level as well as increase the floor-space on level two, to capitalise on the views (STCA).

Mr Biddulph said that price expectations will begin at $1,750,000, but largely the market will determine the property’s value.

145 Carabella Street, Kirribilli goes to auction on 6 August 2016.

Addendum:

Property features
Private secure walled entry, 113sqm block approximately
Spacious open plan skylit formal living and dining area
Appealing sunny decked terrace framed by lovely plants
Casual living adjoins granite gas kitchen with breakfast bar
Two double bedrooms with built-in robes situated upstairs
Scenic water views from the master bedroom and balcony
Main bathroom set between the bedrooms plus guest W/C
Parquetry flooring, alarm system, laundry and gas bayonets
Bus on the doorstep, 250m to the station, 750m to the ferry
A 2.2km walk across the Harbour Bridge to the CBD